D.A. Davidson & CO. Purchases 296 Shares of Jacobs Solutions Inc. (NYSE:J)

Posted by on Apr 30th, 2023

D.A. Davidson & CO. lifted its position in shares of Jacobs Solutions Inc. (NYSE:J – Get Rating) by 5.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,487 shares of the company’s stock after acquiring an additional 296 shares during the quarter. D.A. Davidson & CO.’s holdings in Jacobs Solutions were worth $659,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in J. Private Trust Co. NA purchased a new stake in Jacobs Solutions during the 4th quarter worth about $33,000. Asset Dedication LLC purchased a new stake in Jacobs Solutions during the 3rd quarter worth about $36,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Jacobs Solutions during the 4th quarter worth about $47,000. Cambridge Trust Co. purchased a new stake in Jacobs Solutions during the 4th quarter worth about $54,000. Finally, Eagle Bay Advisors LLC lifted its holdings in Jacobs Solutions by 20.6% during the 4th quarter. Eagle Bay Advisors LLC now owns 638 shares of the company’s stock worth $77,000 after purchasing an additional 109 shares in the last quarter. Institutional investors own 85.96% of the company’s stock.

Analysts Set New Price Targets

J has been the topic of a number of recent research reports. StockNews.com assumed coverage on Jacobs Solutions in a report on Thursday, March 16th. They set a “buy” rating on the stock. Royal Bank of Canada raised their price target on Jacobs Solutions from $150.00 to $151.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Credit Suisse Group lowered their price target on Jacobs Solutions from $161.00 to $155.00 in a report on Wednesday, February 8th. Bank of America cut Jacobs Solutions from a “buy” rating to a “neutral” rating and set a $137.00 price target on the stock. in a report on Friday, January 13th. Finally, Robert W. Baird raised Jacobs Solutions from a “neutral” rating to an “outperform” rating and raised their price target for the company from $136.00 to $150.00 in a report on Friday, January 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $148.80.

Insider Buying and Selling

In related news, insider Steven J. Demetriou sold 6,666 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $115.24, for a total transaction of $768,189.84. Following the transaction, the insider now directly owns 607,956 shares in the company, valued at approximately $70,060,849.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Christopher M.T. Thompson sold 3,500 shares of Jacobs Solutions stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $119.64, for a total value of $418,740.00. Following the sale, the director now directly owns 34,682 shares in the company, valued at approximately $4,149,354.48. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Steven J. Demetriou sold 6,666 shares of Jacobs Solutions stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $115.24, for a total value of $768,189.84. Following the completion of the sale, the insider now owns 607,956 shares in the company, valued at $70,060,849.44. The disclosure for this sale can be found here. Insiders have sold a total of 23,498 shares of company stock worth $2,778,171 in the last ninety days. 1.00% of the stock is owned by insiders.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $115.46 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $14.63 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 1.53 and a beta of 0.84. The business’s 50-day moving average price is $116.38 and its 200-day moving average price is $119.36. Jacobs Solutions Inc. has a 12 month low of $106.78 and a 12 month high of $142.92.

Jacobs Solutions (NYSE:J – Get Rating) last announced its quarterly earnings data on Tuesday, February 7th. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.61 by $0.06. Jacobs Solutions had a return on equity of 14.84% and a net margin of 4.21%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period in the prior year, the company earned $1.56 EPS. The company’s revenue was up 12.4% on a year-over-year basis. Sell-side analysts forecast that Jacobs Solutions Inc. will post 7.38 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, May 26th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, May 25th. This represents a $1.04 annualized dividend and a yield of 0.90%. Jacobs Solutions’s payout ratio is 20.76%.

Jacobs Solutions announced that its Board of Directors has authorized a share buyback program on Wednesday, January 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Jacobs Solutions Profile

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Jacobs Solutions, Inc is a holding company, which engages in the designing and deployment of technology-centric solutions. It operates through the following business segments: Critical Mission Solutions, People and Places Solutions, and PA Consulting. The Critical Mission Solutions segment offer broad sectors, including U.S.

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Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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